MPs were ‘misled’ on HS2 cost, says former deputy of government review into project January 5, 2020 Parliament was “misled” over the costs of the High Speed 2 rail project, according to the former deputy chairman of the government’s independent review into the line. Lord Tony Berkeley said the cost of the project is “out of control” and could be as much as £107m, three times the original estimate, in his own [...]
Tesla shares hit record highs as firm beats vehicle delivery estimates January 3, 2020 Shares in Elon Musk’s Tesla today hit record highs after the firm beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target. Tesla said it delivered 112,000 vehicles in the fourth quarter, including 92,550 Model 3s and 19,450 Model S/X SUVs, which was above expectations of 104,960 vehicles, according [...]
Northern Rail franchise likely to be scrapped January 2, 2020 Plans to strip Northern Rail of its franchise have begun, according transport secretary Grant Shapps Shapps said that the process to take away routes from the rail operator has already begun due to its “completely unacceptable” performance over several years. Read more: Northern Rail could be split up amid nationalisation plans The rail operator has [...]
Sadiq Khan promises free travel for disabled people’s carers January 2, 2020 London’s public transport system will be free for anyone accompanying a disabled passenger if Sadiq Khan is re-elected. The Labour mayor of London has pledged to create a “companion pass” if he wins the May election, which would provide free travel on all Transport for London (TfL) services for carers of disabled people. Read more: [...]
Tesla delivers first electric cars made in China December 30, 2019 Electric car firm Tesla has delivered its first vehicles made in China as its billionaire founder Elon Musk targets a bigger share of the country’s car market. Fifteen Model 3 cars were handed over to employees at the firm’s Gigafactory near Shanghai, meaning deliveries have started just over a year after construction of the factory [...]
Steel industry urges government not to shelve HS2 December 29, 2019 The UK’s steelmakers have urged the government to complete HS2 to boost the struggling sector. The rail project – which would link London, the Midlands and the north – is expected to use 2m tonnes of steel if it goes ahead. Read more: Election 2019: Boris Johnson raises red flag over Heathrow expansion and HS2 [...]
Northern Rail ‘could be split up’ amid nationalisation plans December 26, 2019 The government is said to be plotting a break-up of Northern Rail as part of a radical plan to renationalise train services in northern England. Northern Rail, which is run by German operator Arriva, would be split into two franchises – North West and North East – under plans drawn up by Whitehall officials, the [...]
Top Nissan boss steps down in blow to scandal-hit car firm December 26, 2019 A senior Nissan executive has resigned from the company just weeks after taking up the job, marking a blow to the embattled car manufacturer’s turnaround plan. Jun Seki, vice chief operating officer and the firm’s third highest-ranking executive, said he was leaving to become president of Kyoto-based car parts manufacturer Nidec. Read more: Nissan faces [...]
Travis Kalanick to leave Uber’s board in December December 24, 2019 Travis Kalanick has resigned from the board of Uber, the ride-hailing service that he founded and helped make a global phenomenon. In a statement, Uber said that the entrepreneur would step down on 31 December to concentrate on other business endeavours. Read more: Uber co-founder takes stock sale to over $700m In a statement, Kalanick [...]
Tim Clark to step down after thirty years as Emirates Airlines president December 24, 2019 Sir Tim Clark will step down as the president of Emirates Airline in June next year, bringing to an end more than 30 years at the company. Under Clark’s leadership the state-owned business became the world’s largest airline and helped transform Dubai into a global transport hub. Read more: Emirates orders $9bn worth of Boeing [...]